Great West Life Assurance Co. Can bought a new position in Colony Capital Inc (NYSE:CLNY) in the 4th quarter, HoldingsChannel.com reports. The firm bought 77,229 shares of the real estate investment trust’s stock, valued at approximately $363,000.
A number of other hedge funds have also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. lifted its position in Colony Capital by 5.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,102,030 shares of the real estate investment trust’s stock worth $24,235,000 after purchasing an additional 275,697 shares during the period. Boston Partners lifted its position in Colony Capital by 72.4% in the fourth quarter. Boston Partners now owns 3,977,662 shares of the real estate investment trust’s stock worth $18,877,000 after purchasing an additional 1,669,888 shares during the period. Prudential Financial Inc. lifted its position in Colony Capital by 11.8% in the fourth quarter. Prudential Financial Inc. now owns 3,267,834 shares of the real estate investment trust’s stock worth $15,522,000 after purchasing an additional 343,807 shares during the period. First Trust Advisors LP lifted its position in Colony Capital by 1,851.8% in the fourth quarter. First Trust Advisors LP now owns 2,171,442 shares of the real estate investment trust’s stock worth $10,314,000 after purchasing an additional 2,060,187 shares during the period. Finally, Mackay Shields LLC lifted its position in Colony Capital by 78.0% in the fourth quarter. Mackay Shields LLC now owns 1,971,163 shares of the real estate investment trust’s stock worth $9,363,000 after purchasing an additional 863,534 shares during the period. 79.98% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently commented on CLNY. ValuEngine cut Colony Capital from a “sell” rating to a “strong sell” rating in a research report on Friday, March 20th. B. Riley reduced their target price on Colony Capital from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Wednesday, March 11th. Finally, Zacks Investment Research cut Colony Capital from a “buy” rating to a “hold” rating in a research report on Wednesday, March 11th.
In related news, CEO Thomas Barrack, Jr. acquired 62,460 shares of the business’s stock in a transaction on Friday, March 20th. The stock was bought at an average cost of $12.04 per share, with a total value of $752,018.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thomas Barrack, Jr. acquired 73,458 shares of the business’s stock in a transaction on Wednesday, March 18th. The shares were bought at an average cost of $8.72 per share, with a total value of $640,553.76. The disclosure for this purchase can be found here. 7.02% of the stock is currently owned by company insiders.
Shares of NYSE CLNY opened at $1.97 on Thursday. The stock has a market cap of $852.90 million, a PE ratio of -0.84 and a beta of 1.30. The business has a fifty day moving average of $3.70 and a two-hundred day moving average of $4.78. Colony Capital Inc has a 52-week low of $1.33 and a 52-week high of $6.14. The company has a debt-to-equity ratio of 1.13, a quick ratio of 2.92 and a current ratio of 2.92.
Colony Capital (NYSE:CLNY) last issued its quarterly earnings data on Friday, February 28th. The real estate investment trust reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.14). The company had revenue of $552.40 million for the quarter, compared to the consensus estimate of $557.00 million. Colony Capital had a negative net margin of 43.50% and a negative return on equity of 28.50%. The firm’s revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.04 earnings per share. Analysts predict that Colony Capital Inc will post 0.37 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, March 30th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 22.34%. Colony Capital’s payout ratio is presently 88.00%.
About Colony Capital
Colony Capital, Inc (NYSE: CLNY) is a leading global investment management firm with assets under management of $43 billion. The Company manages capital on behalf of its stockholders, as well as institutional and retail investors in private funds, non-traded and traded real estate investment trusts and registered investment companies.
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